TWO RETIREMENT PLAN OPTIONS WITH POTENTIAL BENEFITS FOR OWNERS & KEY EMPLOYEES
Safe Harbor 401(k) and Cash Balance Plans are two options that may allow company owners and key employees to save more for retirement.
Safe Harbor and Cash Balance Plan designs are beneficial in situations where owners and key employees would like to contribute the maximum allowable deferral even if other employees make little or no contributions. Below is an explanation of the major differences between Cash Balance and Safe Harbor 401(k) Plans*:
FOR MORE INFORMATION
Contact Business Financial Group if you are interested in implementing a Safe Harbor 401(k) Plan! The deadline for implementing a new Safe Harbor 401(k) Plan: October 1
For more information or assistance, please contact our Corporate Retirement team at 210–745–6393, toll-free at 1–888–757–2104, or [email protected].
*Source: United States Department of Labor